Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High - Still a Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $59.21 and last traded at $58.80, with a volume of 1500386 shares changing hands. The stock had previously closed at $57.84.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBKR shares. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler decreased their price target on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America decreased their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Barclays restated an "overweight" rating and issued a $65.00 price target on shares of Interactive Brokers Group in a research report on Thursday. Finally, Citigroup upped their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.25.

Interactive Brokers Group Stock Performance

The stock has a market capitalization of $99.06 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a fifty day simple moving average of $52.34 and a 200 day simple moving average of $48.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group's dividend payout ratio is 17.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IBKR. Wellington Management Group LLP lifted its stake in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the period. American Century Companies Inc. lifted its stake in shares of Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the period. Norges Bank acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $229,316,000. Bank of America Corp DE lifted its stake in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the period. Finally, RV Capital AG lifted its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock valued at $47,094,000 after purchasing an additional 637,440 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.